Search Listings

Mortgage Rates Rising Next Year?

Job creation is up. Unemployment is down.
Hot on the heels of a very strong 3rd Quarter GDP report (+3.0%); The November Jobs Report was released a few days ago and it revealed that employers created 203K jobs last month -- well above the 188K expected.  The Unemployment Rate fell to a 5-year low of 7%.  The general consensus now is that the Fed will have no choice but to begin tapering sooner than later…
Here are the rates as of Dec. 6th:
CONFORMING RATES
($200,000 - $417,000) 0 POINTS
• 30 Year Fixed:
4.625% (4.70% APR)
• 5/1 ARM: 3.125% (3.20% APR)
JUMBO RATES
($625,501 - $2,000,000) 0 POINTS
• 30 Year Fixed: 4.500
% (4.55% APR)
• 5/1 ARM: 3.000% (3.05% APR)
CONFORMING (HIGH-BALANCE) RATES
($417,001 - $625,500 cap by county) 0 POINTS
• 30 Year Fixed: 4.875% (4.94% APR)
• 5/1 ARM:
3.500% (3.56% APR)
RATE TRENDS
Rates are UPcompared to last week.
Rates are UP
compared to last month.
Rates are UP
compared to one year ago
 
Anastasia Sheldon

Post a Comment

From Our Blog

Posts By Category

All Categories Architectural Homes & New Listings (118) Architectural Homes + Listings (268) East Bay Events (63) Eichler Homes (5) Eichler Homes Forum (44) Events + Happenings (410) Green Living in Marin (73) Just Sold (450) Landscape Design (6) Lofts & Condos (24) Main (269) Marin for Kids (5) Marin Home Staging & Design (9) Marin Market Update (175) Marin Modern News (159) Marin Mortgage News (17) Marin Schools + Education (45) Mortgage & Lending (4) San Francisco (70) Selling Your Home (25) Vendor / Affiliates (1)

Posts By Month

Grab Our RSS Feed
Wine Country Real Estate
Marin County Real Estate